Analysts forecast that Genesco Inc. (NYSE:GCO) will announce earnings per share (EPS) of $2.14 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Genesco’s earnings, with the highest EPS estimate coming in at $2.33 and the lowest estimate coming in at $2.07. Genesco posted earnings of $2.15 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 0.5%. The business is expected to report its next quarterly earnings results on Friday, March 9th.

On average, analysts expect that Genesco will report full-year earnings of $3.13 per share for the current year, with EPS estimates ranging from $3.05 to $3.36. For the next financial year, analysts expect that the business will report earnings of $3.25 per share, with EPS estimates ranging from $3.18 to $3.41. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Genesco.

Genesco (NYSE:GCO) last announced its quarterly earnings results on Friday, December 1st. The company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.10). Genesco had a negative net margin of 4.24% and a positive return on equity of 6.93%. The business had revenue of $716.80 million for the quarter, compared to analyst estimates of $706.58 million. During the same period in the prior year, the business earned $1.28 EPS. The company’s revenue for the quarter was up .8% compared to the same quarter last year.

Several analysts recently commented on the company. Jefferies Group raised Genesco from a “hold” rating to a “buy” rating in a report on Tuesday. Robert W. Baird reaffirmed a “hold” rating and issued a $35.00 price objective on shares of Genesco in a report on Wednesday. TheStreet lowered Genesco from a “c-” rating to a “d” rating in a report on Friday, December 1st. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Genesco in a report on Wednesday, November 1st. Finally, ValuEngine lowered Genesco from a “buy” rating to a “hold” rating in a report on Sunday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $33.50.

Shares of Genesco (GCO) traded up $2.70 on Wednesday, hitting $35.20. The company had a trading volume of 695,600 shares, compared to its average volume of 463,950. The company has a quick ratio of 0.47, a current ratio of 2.31 and a debt-to-equity ratio of 0.29. Genesco has a one year low of $20.90 and a one year high of $65.70. The company has a market capitalization of $647.18, a price-to-earnings ratio of -5.56, a P/E/G ratio of 1.11 and a beta of 1.37.

Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC bought a new position in shares of Genesco in the second quarter worth about $144,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Genesco by 16.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,278 shares of the company’s stock valued at $145,000 after buying an additional 618 shares during the period. Pacad Investment Ltd. boosted its holdings in shares of Genesco by 109.7% in the 2nd quarter. Pacad Investment Ltd. now owns 7,550 shares of the company’s stock valued at $256,000 after buying an additional 3,950 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Genesco by 182.8% in the 2nd quarter. SG Americas Securities LLC now owns 7,962 shares of the company’s stock valued at $270,000 after buying an additional 5,147 shares during the period. Finally, Pinnacle Financial Partners Inc. acquired a new position in shares of Genesco in the 3rd quarter valued at about $226,000. 97.65% of the stock is owned by institutional investors and hedge funds.

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About Genesco

Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. It relies on independent third-party manufacturers for production of its footwear products sold at wholesale.

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Earnings History and Estimates for Genesco (NYSE:GCO)

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